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Rapid drop in log supply

KUCHING: Log supply in Malaysia is dropping rapidly as the country is in the rainy season again, affecting timber harvesting activities. The decline in supply is pushing up log prices, according to the Japan Lumber Reports (JLR). “After log prices dropped in last summer, log suppliers have begun reducing harvest since last August, so the […]

Papua New Guinea to raise log export taxes

KUCHING: The government of Papua New Guinea (PNG), a key producer of tropical timber, will steeply raise log export taxes under its National Budget 2020. As the new rates of export tax announced are up to 50 percent, this has drawn strong disapproval and criticisms from the timber players. The PNG Forest Industries Association has […]

Increased earnings from log exports and plywood

KUCHING: Sarawak’s foreign exchange earnings from log exports and plywood have gone up in October from September 2019. In October, Sarawak sharply raised the log exports volume to about 88,908 cubic meters with free on board (FOB) value of about RM49.74 million as compared to 56,121 cu m worth RM44.84 million in September. The state’s […]